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The world’s largest oil industry services and equipment company, headquartered in the United States Balance Sheet Expanding operations in Russia. Previously, the company was known as Schlumberger.
Financial Times According to the data SLB, through its subsidiaries, has signed new contracts and hired hundreds of employees in Russia. The company’s two largest competitors Baker Hughes and Halliburton The Russian business was sold in 2022.
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On the other hand, SLB has not even expressed its intention to leave Russia. However, the company has stopped exporting products and technologies to the Russian SLB office in 2023.
In 2022 and 2023, the company has delivered its products directly to Russian oil giants, etc. For Lukoil.
However, the company continues to export products and technology to Russia from other sources, according to the Financial Times. US authorities have previously commented that SLB’s current actions do not violate Western sanctions against Russia.
The company’s operations have been criticized by human rights groups and the Ukrainian government, among others, who say its continued operations in Russia help Russia continue its war in Ukraine.
In Europe, SLB has offices in Paris, London and The Hague.
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